It has emerged this week that Kanye West, and his apparel brand, Yeezy Apparel Inc. (Yeezy), are being sued by a Japanese textiles company Toki Sen-I Co. The Yeezy apparel brand, founded in 2015, has been a successful and lucrative venture for West: the brand is now in its sixth season. It was announced this week however, that West is under fire from Toki Sen-I Co. after it alleged that it has not been paid by Yeezy for its services.
The claim, filed in the Superior Court in Los Angeles by Toki Sen-I Co., accuses West's company of breach of contract, fraud and negligent misrepresentation. According to the filing, the amount of $624,051.76 was agreed to be paid by Yeezy to the Japanese company for an order of fleece fabric.
The filing goes in to detail about how a 50% part-payment was agreed to be paid by Yeezy to Toki Sen-I Co. upon the commencement of the production of the fleece and how this amount was later negotiated down to a 30% part-payment. Toki Sen-I Co., however, alleges that it has not received any payment.
Toki Sen-I Co. alleges that, as a result of the breakdown of the contract, it was left with over 53,000 yards of fleece fabric made specifically in line with Yeezy's requirements. It is reported that Toki Sen-I Co. was also left out of pocket after having to pay for storage space to keep the thousands of yards of fleece fabric.
Toki Sen-I Co. is suing for the money owed under the contract as well as for punitive damages and interest. Both West and Yeezy are yet to comment on the filing.
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in: Contract, News